Enea to Double Wind Capacity with $236 Million Acquisition
WARSAW (Reuters) - A unit of Polish state controlled utility Enea signed a deal to buy six Polish wind farms and a solar farm project from Danish renewable group European Energy, the company said on Wednesday.
The value of the deal, which will include an earn-out premium for the seller based on the productivity of the wind assets, will not exceed 914.8 million zlotys ($236.43 million).
Under it's 10-year strategy Enea plans to invest 107.5 billion zlotys and generate more than 40% of its energy from renewable sources by 2035 and aims to become climate-neutral by 2050.
Under the terms of the transaction, which needs regulatory approval, Polish utility will add 83.5 megawatts (MW) of wind capacity, more than doubling its current potential.
At the end of September Enema's wind and solar capacity each stood at 71MW.
($1 = 3.8693 zlotys)
(Reporting by Marek Strzelecki; Editing by Tomasz Janowski)
